Story Highlights

NEW YORK — Homebuyers and homeowners filled out fewer mortgage and refinance applications last week as mortgage rates on loans jumped to their highest level in a month, the Mortgage Bankers Association said Wednesday.

Mortgage applications fell 1.8% in the week ended November 8. In its weekly mortgage application survey, the MBA also said that it had revised last week's reading up. Mortgage applications fell just 2.8% in the prior week, versus an initial reading of -7%.

Rising interest rates were cited by bankers as a reason why home-related loan volume was down.